Category: Reuters
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Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A company has sued Starbucks Corp for a third time, accusing it of stealing its concept for coffee-flavored lipstick and lip gloss. Paluccino, whose leaders include the sister-in-law of televangelist Mehmet Oz, filed the complaint Friday in federal court in Manhattan. The lawsuit…
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Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A company has sued Starbucks Corp for a third time, accusing it of stealing its concept for coffee-flavored lipstick and lip gloss. Paluccino, whose leaders include the sister-in-law of televangelist Mehmet Oz, filed the complaint Friday in federal court in Manhattan. The lawsuit…
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FTC sues Asbury Automotive, says it charged Black, Latino customers more By Reuters
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Written by Judy Godoy WASHINGTON (Reuters) – The U.S. Federal Trade Commission sued Asprey Automotive Group Inc. on Friday, alleging that three of its Texas dealerships charged black and Latino customers higher prices than others and routinely added services to customers’ contracts without their consent. Up to 75% of David…
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Court blocks key part of California law on children’s online safety By Reuters
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By Jonathan Stempel (Reuters) – A U.S. appeals court on Friday upheld a key part of a court order blocking enforcement of a California law aimed at protecting children from online content that could harm them mentally or physically. The U.S. Court of Appeals for the Ninth Circuit in San…
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Brazilian pet product retailer Petz shares soar on Cobasi merger deal By Reuters
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Written by Alberto Allergi SAO PAULO (Reuters) – Shares of Brazil’s Pets Inc rose on Friday after the company formally agreed to merge with rival Copasi to create the country’s largest pet products retailer. The merger agreement was first announced in April, when the two companies signed a memorandum of…
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RBC countersues former CFO Ahn, claims breach of code of conduct By Reuters
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Written by Nivedita Balu TORONTO (Reuters) – Royal Bank of Canada filed a countersuit against ousted Chief Financial Officer Nadine Ahn on Friday, outlining the results of an internal investigation into her alleged intimate relationship with a subordinate and accusing her of violating the bank’s code of conduct. Last week,…
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GSK to seek dismissal of Florida case against heartburn drug Zantac By Reuters
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(Reuters) – British drugmaker GSK said on Friday it will seek to dismiss an upcoming Zantac lawsuit in Florida where plaintiffs alleged the company’s discontinued heartburn drug caused prostate cancer. The move follows a Florida court ruling Thursday in favor of GlaxoSmithKline and other defendants that threw out expert testimony…
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Exclusive-Deutsche Bank’s proposed Postbank case settlement offer rejected by plaintiffs By Reuters
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By Tom Sims FRANKFURT (Reuters) – Deutsche Bank has made a settlement offer to shareholders suing Germany’s largest lender over unpaid fees for its acquisition of Postbank, the plaintiffs’ lawyer said on Friday. Lawyer Jan Bayer (OTC:) dismissed the bank’s offer as “crazy” and “dead from the moment it arrived.”…
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Dollar firm after US data quells recession fears By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar held near a two-week high against the yen after posting its biggest daily gain in four weeks against its major peers as strong U.S. economic data eased recession fears. The dollar was particularly strong against the Japanese currency thanks to higher Treasury…
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Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports By Reuters
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Seagram heir Edgar Bronfman Jr. is close to making a bid for National Amusements Inc. that would rival an acceptable offer from Skydance Media Inc., Bloomberg News reported Thursday, citing people familiar with the plans. The former Warner Music chief had expressed interest in buying National Amusements, Paramount’s controlling shareholder,…
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Silence reigns in Russia over linking rouble fall to Ukrainian attack By Reuters
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Written by Gleb Bryansky MOSCOW (Reuters) – There appears to be a new rule in Russia: Don’t mention war in connection with the rouble. Russian media and analysts at state-controlled banks have been largely silent on the possible connection between the ruble’s 9% depreciation against the US dollar and Ukraine’s…
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Texas adds UK lender NatWest to energy ‘boycott’ list over financing restrictions By Reuters
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By Ross Kerber The Texas state comptroller said Wednesday that the state has added British bank NatWest to a list of companies that “boycott” energy companies, which could restrict the bank’s business with public entities. NatWest was added to the list because of its restrictions on energy financing, Texas Comptroller…
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Google brings AI answers in Search to new countries By Reuters
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By Kenrick Kay SAN FRANCISCO — Alphabet Inc. (NASDAQ:GOOGL) said Thursday it is expanding its artificial intelligence-generated summaries of search queries to six new countries, just two months after rolling back some capabilities following a troubled launch. The search giant made its AI Overviews feature — which is displayed at…
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Pound ticks up after British GDP data, euro holds above $1.10 By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – Sterling edged up on Thursday after strong British GDP data, while the euro held above $1.10, close to a more than seven-month high hit the previous day, supported by data showing slowing U.S. inflation that boosted expectations for a Federal Reserve interest rate…
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Ukraine downs all 29 Russia-launched drones during overnight attack, air force says By Reuters
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KIEV (Reuters) – Ukraine’s air force said on Thursday it had shot down 29 Russian-launched drones over eight Ukrainian regions during an overnight attack that officials said caused only minor damage. The Russian Air Force said in a statement that Russia also fired three Kh-59 guided missiles during the attack.…
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Telstra hits 6-month high on upbeat 2025 forecast By Reuters
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By John Pigou and Ayushmann Ojha (Reuters) – Australian telecoms major Telstra (OTC:) raised its earnings forecast for the 2025 financial year on Thursday, prompting investors to shrug off a 13% drop in annual profit and sending its shares to a six-month high. Telstra has raised the lower end of…
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Boeing criminal plea deal should be accepted, US DOJ says By Reuters
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By David Shepardson and Jasper Ward The U.S. Justice Department said on Wednesday that Boeing Co.’s plea deal on a criminal charge related to software linked to two fatal crashes of its 737 Max jets should be accepted, after some relatives of the 346 people killed in the crashes argued…
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Decentralized AI network Sahara raises fresh capital in Samsung NEXT-backed round By Reuters
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Written by Manya Saini Sahara AI, a startup that combines blockchain technology with artificial intelligence, said Wednesday it has raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs and Polychain Capital. The Series A funding also attracted investments from Samsung (KS:) NEXT alongside…
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BHP and striking union at Escondida fail to resume formal talks By Reuters
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SANTIAGO/ANTOFAGASTA (Reuters) – Mining group BHP and the striking workers’ union at its Escondida mine in Chile failed to resume formal negotiations after a preliminary meeting earlier in the day, the miners’ union said on Wednesday. The copper miners’ union began a strike on Tuesday at the Escondida mine, the…
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Tech stocks in focus as investors eye latest filings from funds By Reuters
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NEW YORK (Reuters) – Investors will be watching quarterly reports on Wednesday for a look at how some of the world’s biggest money managers fared at the end of the second quarter, a period marked by a string of record highs in the run-up to the latest bout of turmoil…